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Real Estate - Residential

Brunswick County Home Sales Spike In October

By Staff Reports, posted Nov 10, 2020
Brunswick County experienced a 63% jump in October in the number of homes sold and a 114.5% spike in sales volume compared to October 2019, the Brunswick County Association of Realtors reported Tuesday. 

October’s figure marks the third highest number of homes sold in a single month so far in 2020, trailing only July and September, according to a news release.  

BCAR CEO Cynthia Walsh said in the release,  “We are on a record pace that could see us break $2 billion in residential home sales for the first time ever. 

“These numbers demonstrate that Brunswick County is an attractive place to live, and we see no indication that the market will cool down any time soon.”
 
Brunswick County had more than $261 million in total sales in October 2020, a 114.5% spike over last October’s $121.8 million, BCAR reported. 

The number of units sold jumped from 411 to 670, the BCAR figures show. Of the 670 homes sold, 304 sold for 100% of list price or higher, with 84 homes selling above list price. 

The average sale price increased 44.7%, from $269,497 to $390,062, according to BCAR. There were 22 luxury sales of homes with prices of $1 million or more, with the largest sale being a $3.2 million transaction on Bald Head Island, $1 million higher than September’s highest sale.
 
“Total year-to-date sales are up 48.7% compared to the same point in 2019, increasing from $1.17 billion to $1.74 billion,” the report stated. “Average sale prices are up 17% compared to last year, increasing from $280,995 to $328,924, and the number of units sold is up from 4,104 to 5,172, a 26% increase.”
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